Denbury Resources Inc. (NYSE:DNR)’s share price was down 5.2% during mid-day trading on Friday . The stock traded as low as $1.06 and last traded at $1.09. Approximately 5,317,199 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 6,305,870 shares. The stock had previously closed at $1.15.

Several equities analysts have issued reports on DNR shares. Royal Bank Of Canada set a $2.00 price target on shares of Denbury Resources and gave the stock a “hold” rating in a report on Friday, August 25th. Stifel Nicolaus set a $1.00 price target on shares of Denbury Resources and gave the stock a “hold” rating in a report on Friday, August 18th. Zacks Investment Research raised shares of Denbury Resources from a “sell” rating to a “hold” rating in a report on Monday, August 14th. BidaskClub raised shares of Denbury Resources from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $1.00 price target on shares of Denbury Resources in a report on Friday, September 1st. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $2.42.

The company’s market cap is $424.99 million. The firm’s 50 day moving average price is $1.24 and its 200 day moving average price is $1.82.

Denbury Resources (NYSE:DNR) last issued its quarterly earnings data on Tuesday, August 8th. The oil and natural gas company reported $0.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.02. Denbury Resources had a negative net margin of 35.24% and a negative return on equity of 1.94%. The company had revenue of $261.20 million for the quarter, compared to the consensus estimate of $248.66 million. During the same period last year, the firm posted $0.08 EPS. Denbury Resources’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities research analysts predict that Denbury Resources Inc. will post $0.02 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. Sei Investments Co. grew its position in Denbury Resources by 0.4% during the 2nd quarter. Sei Investments Co. now owns 268,469 shares of the oil and natural gas company’s stock worth $411,000 after purchasing an additional 1,059 shares during the last quarter. Texas Permanent School Fund grew its position in Denbury Resources by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 290,828 shares of the oil and natural gas company’s stock worth $445,000 after purchasing an additional 2,568 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Denbury Resources by 15.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 43,796 shares of the oil and natural gas company’s stock worth $113,000 after purchasing an additional 5,900 shares during the last quarter. Teachers Advisors LLC grew its position in Denbury Resources by 1.3% during the 1st quarter. Teachers Advisors LLC now owns 616,101 shares of the oil and natural gas company’s stock worth $1,590,000 after purchasing an additional 8,116 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in Denbury Resources by 11.5% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 96,950 shares of the oil and natural gas company’s stock worth $148,000 after purchasing an additional 10,000 shares during the last quarter. 86.45% of the stock is currently owned by institutional investors.

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Denbury Resources Company Profile

Denbury Resources Inc is an independent oil and natural gas company. The Company’s operations are focused in two operating areas: the Gulf Coast and Rocky Mountain regions. Its properties with proved and producing reserves in the Gulf Coast region are situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region are situated in Montana, North Dakota and Wyoming.

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